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Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Reclassification out of accumulated other comprehensive income | The following table provides information on items not reclassified in their entirety from AOCL to Net income in the accompanying Consolidated Statements of Operations (in millions):
|  | For the Three Months Ended June 30, |  |  |  | For the Six Months Ended June 30, |  |  |  | Affected Line Item(s) in the Consolidated Statements of Operations
|  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
(Losses) Gains on Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |
Derivatives contracts |  | $ | (5.8) |  |  | $ | (2.0) |  |  | $ | (7.0) |  |  | $ | (4.3) |  |  | Cost of goods sold; Losses (gains) and other expenses, net
Income tax benefit |  | 1.5 |  |  | 0.5 |  |  | 1.8 |  |  | 1.0 |  |  | Provision for income taxes
Net of tax |  | $ | (4.3) |  |  | $ | (1.5) |  |  | $ | (5.2) |  |  | $ | (3.3) |  |  |
Defined Benefit Plan items: |  |  |  |  |  |  |  |  |  |
Pension and post-retirement benefit costs |  | $ | (1.4) |  |  | $ | (1.0) |  |  | $ | (3.0) |  |  | $ | (3.0) |  |  | Cost of goods sold; Selling, general and administrative expenses
Pension settlement |  | — |  |  | (60.6) |  |  | — |  |  | (60.6) |  |  | Pension settlement
Income tax benefit |  | 0.3 |  |  | 15.3 |  |  | 0.7 |  |  | 15.8 |  |  | Provision for income taxes
Net of tax |  | $ | (1.1) |  |  | $ | (46.3) |  |  | $ | (2.3) |  |  | $ | (47.8) |  |  |
Foreign Currency Translation Adjustments: |  |  |  |  |  |  |  |  |  |
Foreign currency adjustments on sale of business |  | — |  |  | — |  |  | — |  |  | (2.1) |  |  | Loss on sale of business
Net of tax |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (2.1) |  |  |
Total reclassifications from AOCL |  | $ | (5.4) |  |  | $ | (47.8) |  |  | $ | (7.5) |  |  | $ | (53.2) |  |  |
Changes in AOCI by component (net of tax) | The following table provides information on changes in AOCL, by component (net of tax), for the six months ended June 30, 2020 (in millions):
|  | Gains (Losses) on Cash Flow Hedges |  |  |  | Defined Benefit Pension Plan Items |  | Foreign Currency Translation Adjustments |  | Total AOCL
Balance as of December 31, 2019 |  | $ | — |  |  |  |  | $ | (81.5) |  |  | $ | (22.3) |  |  | $ | (103.8) |
Other comprehensive loss before reclassifications |  | (5.8) |  |  |  |  | (1.8) |  |  | (17.8) |  |  | (25.4) |
Amounts reclassified from AOCL |  | 5.2 |  |  |  |  | 2.3 |  |  | — |  |  | 7.5 |
Net other comprehensive (loss) income |  | (0.6) |  |  |  |  | 0.5 |  |  | (17.8) |  |  | (17.9) |
Balance as of June 30, 2020 |  | $ | (0.6) |  |  |  |  | $ | (81.0) |  |  | $ | (40.1) |  |  | $ | (121.7) |

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